Market Research Future (MRFR) has launched a new release on the global Agricultural Tractors Market. The report presents a thorough overview of the global Agricultural Tractors Market on the back of a detailed analysis of the market’s historical growth trajectory and leading segments. The market’s historical growth trajectory is assessed in detail in the report in order to understand the major factors underlying the market’s growth in the study period. Market Synopsis:
Tractors are mainly used to reduce manual labor that focuses mainly on harvesting, plowing, cultivating, and others. Among the other jobs, it spreads fertilizers, maintains the landscape, and clears creepers. That is particularly for a country like Australia, where the farming land and farmer ratio is quite low. The global Agricultural Tractors Market is anticipating a 5% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) in their latest report has identified several factors that can impact the Agricultural Tractors Market in the coming years.
Factors such as inclusion of smart technology, demand for increased production, inclusion of cutting-edge technology in the manufacturing process, surge in investment, and government initiatives are expected to promote the Agricultural Tractors Market in the coming years. GPS and remote sensing are technologies that can also speed up the growth of the global market. However, it can also be daunted by lack of skilled workers and high price of advanced tractors.
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Segmentation:
MRFR’s take on the global Agricultural Tractors Market reveals segmentations based on engine power, application, drive type, and operation. This segmentation has its firm basis on reports provided by expert analysts with data. The aim is to take a closer look at each segment and understand possibilities that could help the market grow in the future.
Based on the engine power, the Agricultural Tractors Market includes 40 HP, 40 to 120 HP, 121 to 180 HP, 181 to 250 HP, and more than 250 HP.
Based on the application, the Agricultural Tractors Market comprises harvesting, seed sowing, irrigation, and others. In countries like Australia, where land is to human being ratio is quite low, smart agricultural tractors are expected to gain momentum.
Based on the drive type, the Agricultural Tractors Market has been segmented into 2WD and 4WD drive.
Based on the operation, the Agricultural Tractors Market consists manual and autonomous tractor vehicle. The autonomous tractor has been gaining momentum with latest developments in the implementation of GPS inside the tractor
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